Moore Corp. Closes Wallace Merger

MISSISSAUGA, ON—Moore Corp. has completed its acquisition of Wallace Computer Services. Industry analysts estimate that the new company, Moore-Wallace, could generate approximately $3.6 billion in annual revenues and will have more than 18,500 employees worldwide.

The combined company expects to generate cost savings of at least $50 million as a result of the merger, according to Moore-Wallace officials.

As a result of the $1.3 billion merger, Moore's trading symbol for shares listed on the New York Stock Exchange and the Toronto Stock Exchange will be changed, from "MCL" to "MWI". The introduction of the new ticker symbol coincides with the change in Moore's name from Moore Corp. Ltd. to Moore Wallace Inc.